Daily commodity trading market report 23 may -2014 by epic research

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YOUR MINTVISORY Call us at +91-731-6642300 23rd MAY 2014 DAILY COMMODITY REPORT Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Cental Mall Indore (M.P.) Hotline: +91 731 664 2300 Or give us a missed call at 026 5309 0639 HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: +61 422 063855 HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315 Toll Free Number 1-800-200-9454 All queries should be directed to [email protected] Print to PDF without this message by purchasing novaPDF (http://www.novapdf.com/)

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Transcript of Daily commodity trading market report 23 may -2014 by epic research

Page 1: Daily commodity trading market report 23  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

23rd MAY 2014

DAILY COMMODITY REPORT

Our Presence

Epic Research India

411 Milinda Manor (Suites 409- 417)

2 RNT Marg. Opp Cental Mall

Indore (M.P.)

Hotline: +91 731 664 2300

Or give us a missed call at

026 5309 0639

HNI & NRI Sales Contact Australia

Mintara Road, Tarneit, Victoria. Post Code 3029

Phone.: +61 422 063855

HNI & NRI Sales Contact USA

2117 Arbor Vista Dr. Charlotte (NC)

Cell: +1 704 249 2315

Toll Free Number

1-800-200-9454

All queries should be directed to

[email protected]

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Page 2: Daily commodity trading market report 23  may -2014 by epic research

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23rd MAY 2014

COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE OI (in lots)

GOLD 5-Jun-14 27300 27520 27100 27241 7734

SILVER 5-Jul-14 41000 41454 40833 40976 13004

COPPER 30-Jun-14 408.8 409.9 405.45 407.45 17223

CRUDEOIL 19-Jun-14 6130 6130 6075 6083 7901

LEAD 30-May-14 123.8 124.05 122.8 123.3 2980

NICKEL 30-May-14 1148.4 1159.1 1130 1150.8 7293

NATURALGAS 27-May-14 263.5 263.5 254.1 254.7 5123

ZINC 30-May-14 121.45 121.9 120.6 121 2194

ALUMINIUM 30-May-14 102.1 103.15 101.7 102.75 6833

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -9475

COPPER -1750

LEAD -100

NICKEL -348

ZINC -5300

LME WAREHOUSE STOCKS ( 22-MAY- 2014)

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COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 103.76 +0.02 +0.02% Jul 14

CRUDE OIL (BRENT) USD/BBL. 110.37 +0.01 +0.01% Jul 14

RBOB GASOLINE USD/GAL. 300.60 +0.02 +0.01% Jun 14

NYMEX NATURAL GAS USD/MMBTU 4.37 +0.01 +0.21% Jun 14

NYMEX HEATING OIL USD/GAL. 295.30 +0.23 +0.08% Jun 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,294.70 -0.30 -0.02% Aug 14

GOLD SPOT USD/T OZ. 1,294.88 +0.78 +0.06% N/A

COMEX SILVER USD/T OZ. 19.44 -0.09 -0.44% Jul 14

COMEX COPPER USD/LB. 314.25 +0.05 +0.02% Jul 14

PLATINUM SPOT USD/T OZ. 1,486.75 -4.38 -0.29% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS

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23rd MAY 2014

MOST ACTIVE CONTRACTS

Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)

SILVERMICRO 30-06-2014 40991.00 3,29,23,97,120.00 80,320

NATURAL GAS 27-05-2014 254.60 1,17,45,207.20 46,132

CRUDE OIL 19-06-2014 6087.00 26,05,47,948.00 42,804

NICKEL 30-05-2014 1151.80 4,84,65,440.40 42,078

SILVER M 30-06-2014 41000.00 1,59,86,72,000.00 38,992

COPPER 30-06-2014 407.45 1,38,31,705.15 33,947

NICKELMINI 30-05-2014 1151.30 3,39,29,962.30 29,471

COPPERMINI 30-06-2014 407.50 1,01,09,260.00 24,808

SILVER 05-07-2014 40962.00 97,56,32,916.00 23,818

GOLD M 05-06-2014 27342.00 65,03,56,812.00 23,786

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COMMODITY EXPIRY SUP.2 SUP.1 PIVOT RES.1 RES.2

ALUMINIUM 30-May 101.08 101.92 102.53 103.37 103.98

COPPER 30-Jun 403.15 405.30 407.60 409.75 412.05

CRUDEOIL 19-Jun 6041 6062 6096 6117 6151

GOLD 5-Jun 26867 27054 27287 27474 27707

LEAD 30-May 122.13 122.72 123.38 123.97 124.63

NATURALGAS 27-May 248.03 251.37 257.43 260.77 266.83

NICKEL 30-May 1117.5 1134.2 1146.6 1163.3 1175.7

SILVER 5-Jul 40467 40721 41088 41342 41709

ZINC 30-May 119.87 120.43 121.17 121.73 122.47

INTRADAY SUPPORT AND RESISTANCE

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23rd MAY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES Gold tanks to 10-month low as RBI eases import curbs.

Gold futures edge up on global cues.

RBI relaxes gold import norms.

Lead gains 0.44% on global cues, spot demand.

Nickel extends weakness on global cues; low demand.

Zinc softens by 0.24% on global cues.

Chana rebounds 0.35% as demand picks up.

Crude palm oil extends gains on rising demand.

Refined soya oil extends gain on rising demand.

Crude oil futures down 0.28% on weak Asian cues.

Brent rises above $108 on renewed Ukraine tensions.

Crude oil futures up 0.4% on global cues.

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23rd MAY 2014

SPECIAL NEWS The advance figure for seasonally adjusted initial claims in US

was 326,000for the week ending 17th May 2014, an increase of 28,000 from the previous week's revised level, the latest data from the US Department of Labor showed. The previous week's level was revised up by 1,000 from 297,000 to 298,000. The four week moving average was 322,500, a decrease of 1,000 from the previous week's revised average. The previous week's average was revised up by 250 from323,250 to 323,500 .

Coffee output in Central America will continue to get affected following an outbreak of coffee rust in 2014-15. The output from El Salvador, Mexico and Costa Rica will be hit severely, according to a latest update from US Department of Agriculture (USDA). Mexico, where the outbreak of the virulent fungus proved relatively mild, will see some recovery in output. But the revival will be limited to 100,000 bags, taking output to 3.90m bags, USDA foreign staff said in their first forecast for the harvest. In El Salvador, output will rebound by 168,000 bags,

COMMODITY BUZZ MCX Gold futures failed to recovery much even as global

prices edged up above $1300 per ounce mark. The local futures sustained selling pressure after a massive correction last night. COMEX gold futures slipped well under $1300 yesterday after the US FOMC minutes but witnessed a renewed buying spree today. The news reports stating that India has eased some gold import curbs led to continued weakness in the metal in local markets.

Copper prices have recovered on MCX as World Bureau of Metal Statistics (WBMS) has reported deficit in world markets. As per the report of WBMS, the copper market recorded a deficit of 127000 tonnes in January to march 2014 which fol-lows a surplus of 396000 tonnes in the whole of 2013.Reported stocks of Copper fell by 26.1 kt during over the quarter. No al-lowance is made in the consumption calculation for unre-ported stock changes, particularly in the Chinese government stockpile.

COMMODITY BUZZ AND ECONOMIC EVENTS

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23rd MAY 2014

EPIC RESEARCH– ANALYST SPEAKS

GOLD GOLD MCX Short term trend is DOWN, Immediate support @ 27150 Immediate Resistace @ 28520 Today GOLD MCX Closed @ 27241. Yesterday Intraday Range of GOLD MCX was 420. Open Interest was down –9.35 %, Volumes were 19330 lots. For today

Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY GOLD ABOVE 27350 TGT 27430,27530 SL BELOW 27250 SELL GOLD BELOW 27100 TGT 27020,26920 SL ABOVE 27200

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23rd MAY 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is DOWN, Immediate support @ 40700 Immediate Resistace @ 41150 Today SILVER MCX

Closed @ 40976. Yesterday Intraday Range of SILVER MCX was 621 .Open Interest was down –3.78 %, Volumes were 23694 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY SILVER ABOVE 41150 TGT 41350,41650 SL BELOW 40850 SELL SILVER BELOW 40700 TGT 40500,40200 SL ABOVE 41000

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23rd MAY 2014

EPIC RESEARCH– ANALYST SPEAKS

DHANIYA

Dhaniya jun daily chart is consolidating in a range. trend is bullish Momentum indicator RSI is below mid range Im-mediate support @ 9460 & Immediate resistance @ 9420.

BUY DHANIYA JUN ABOVE 9460 TGTS 9490,9540 SL 9410

SELL DHANIYA JUN BELOW 9420 TGTS 9390,9340 SL 9470

RESISTANCE 2 9545

RESISTANCE 1 9629

PIVOT 9402

SUPPORT 1 9349

SUPPORT 2 9259

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23rd MAY 2014

EPIC RESEARCH– ANALYST SPEAKS

GUARSEED

Guarseed may daily chart, consolidating in support level expecting from here onwards guarseed price may go up

Momentum indicators RSI is below mid range. In intraday basis immediate support @ 5200 & immediate resistance @ 5280.

BUY GUARSEED JUN ABOVE 5280 TGTS 5310,5360 SL 5230

SELL GUARSEED JUN BELOW 5200 TGTS 5170,5120 SL 5250

RESISTANCE 2 5345

RESISTANCE 1 5375

PIVOT 5233

SUPPORT 1 5187

SUPPORT 2 5123

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23rd MAY 2014

FRIDAY, MAY 23

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

11:30 EUR GERMAN GDP (QOQ) 0.8% 0.8%

13:30 EUR GERMAN IFO BUSINESS CLIMATE INDEX 110.9 111.2

18:00 CAD CORE CPI (MOM) 0.2% 0.3%

19:30 USD NEW HOME SALES 425K 384K

TODAY’S ECONOMIC EVENTS

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23rd MAY 2014

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